Venus Bay

Venus Bay, VIC 3956 is a small coastal suburb with a population of 904 residents. The demographic profile skews towards older age groups, with a significant portion aged 45 years or over. The median household income weekly is $922. The suburb offers a peaceful lifestyle suitable for families and retirees, with a notable number of residents working in managerial, professional, and technical occupations. The median mortgage repayment amount and weekly rent are moderate, making it an affordable option for homeowners and renters alike. Venus Bay also has a high percentage of residents who prefer to drive to work. With a sale price IQR ratio of 29.7%, Venus Bay presents opportunities for property investors interested in renovation projects. The suburb has low vacancy rates and a balanced market absorption rate, indicating stable demand. The high online search interest suggests a growing attraction among potential buyers. Investors may find potential for capital growth given the historical median sale price growth rates over 5 and 10 years. The suburb's affordability index percentile of 0 indicates relatively affordable housing options compared to neighbouring areas. Venus Bay, VIC 3956 offers a tranquil coastal lifestyle with moderate housing costs and a mix of residents employed in various professional fields. The suburb presents opportunities for property investors interested in renovation projects, with stable demand and potential for capital growth. Homeowners and renters can enjoy the affordability of the area while benefiting from a peaceful community environment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022